DeFi project 1inch Network has implemented protocols to collect liquidity from decentralized exchanges and limit order transactions in the Fantom network. This was reported to ForkLog by team representatives.

“Phantom is a popular network and has been showing remarkable results lately. “Deploying 1-inch protocols on this blockchain will give users access to even deeper liquidity, as well as offering greater efficiency and flexibility,” said Sergey Kunz, co-founder of the project.

1inch noted that the Lachesis consensus engine used by Fantom provides fast transfers, low net fees and decisive accuracy. At the same time, blockchain remains inclusive, decentralized and open source.

1-inch users can access a range of Phantom-based protocols including Solidly, Curve, SushiSwap, Synapse and more.

According to DeFi Llama, Phantom ranks fourth with $4.62 billion in locked funds in smart contracts. The value expressed by the FTM fell to 3.86 billion from its March peak of 4.67 billion.

Recall that in March 2022, 1-inch liquidity aggregator from decentralized exchanges introduced the 1-inch Wallet app for mobile devices running Android.